The Book-keepers Forum (BKF)
The Book-keepers Forum (UK) -> VAT, Payroll & Tax -> Flat rate scheme - best option software
Post Info TOPIC: Flat rate scheme - best option software
Kinbuck


Senior Member

Status: Offline
Posts: 159
Date:
Flat rate scheme - best option software
Permalink Closed

Just looking for some thoughts/suggestions about the best, simplest software options for a client who is registered for VAT working in the catering industry on the flat rate scheme.  He uses Excel for his accounts at the moment and I was going to suggest VT.  I know VT doesn't produce the return automatically for FRS, so with MTD changes coming up I want to make sure the move is the best option for him.  Each time I mention change he shakes his head and goes a funny colour disbelief

Any thoughts will be appreciated.



__________________

Janet

They keep making the system idiot proof but then make bigger and better idiots!
Jay


Senior Member

Status: Offline
Posts: 262
Date:
Permalink Closed

Sorry, not in the office so short reply.

I am fairly certain that VT is to provide some form of bridging software to permit MTD VAT returns.

Although VT does not have a VAT flat rate option there are workarounds. 

Even with both these issues I still find VT far preferable to other accounting Software I have used over the years.

 

BW

 

 

 



-- Edited by Jay on Monday 9th of April 2018 04:43:41 PM

__________________
Kinbuck


Senior Member

Status: Offline
Posts: 159
Date:
Permalink Closed

Thanks Jay

I think Joanne posted a link a few weeks ago about the workaround for VT so will be watching that to see what they come up with.

VT is my preferred software as I find it easy to use and where clients want to do it themselves they manage without too many problems.

I've been contemplating Moneysoft recently as I really like their payroll program but haven't had the time to look in to it fully to see if it's a better option.  

 

 



__________________

Janet

They keep making the system idiot proof but then make bigger and better idiots!
Leger


Master Book-keeper

Status: Offline
Posts: 3904
Date:
Permalink Closed

Hi Janet.

I had a look at Money Manager (Moneysoft) but I didn't like it - at all.  It feels very dated and not at all like the Payroll software.  I don't think it will be updated for MTD.



__________________

John 

 

 

 Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.
Kinbuck


Senior Member

Status: Offline
Posts: 159
Date:
Permalink Closed

Leger wrote:

Hi Janet.

I had a look at Money Manager (Moneysoft) but I didn't like it - at all.  It feels very dated and not at all like the Payroll software.  I don't think it will be updated for MTD.

 Think you've just saved me a bit of time there John, thank you



__________________

Janet

They keep making the system idiot proof but then make bigger and better idiots!
Leger


Master Book-keeper

Status: Offline
Posts: 3904
Date:
Permalink Closed

No problem Janet.  Have you looked at Pandle?  Ok, it's cloud, but it's free and will handle Flat Rate VAT.  

https://www.pandle.co.uk/features/uk-vat/

I haven't looked at it myself yet, but I'm hearing good feedback about it.



__________________

John 

 

 

 Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.
Jay


Senior Member

Status: Offline
Posts: 262
Date:
Permalink Closed

Just spoken with VT Software on another matter, and they confirmed they have already implemented changes in VT Transactions to allow VAT to be transferred to other software packages for MTD purposes.

Ok this may be an inconvenience, but as VT is superb for Accounts etc, then we are happy with the outcome.

 

BW 

 

Jay



__________________
Kinbuck


Senior Member

Status: Offline
Posts: 159
Date:
Permalink Closed

Thanks John, I'll have a look at Pandle. I'm not keen on cloud software but it's an option to offer him. Thanks Jay, will be interesting to see what's involved with VT changes.

__________________

Janet

They keep making the system idiot proof but then make bigger and better idiots!
Cheshire


Master Book-keeper

Status: Offline
Posts: 8646
Date:
Permalink Closed

I was going to suggest SageOne, but only cos you've mentioned having some experience of it, not because I'm recommending it or advocating it's usewinkbiggrin



__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
Kinbuck


Senior Member

Status: Offline
Posts: 159
Date:
Permalink Closed

Cheshire wrote:

I was going to suggest SageOne, but only cos you've mentioned having some experience of it, not because I'm recommending it or advocating it's usewinkbiggrin

 This is the client who uses SageOne Payroll so it could be an option.  When I suggested using it for his accounts a while back his theory was 'it ain't broke so don't go interfering with it' and...Excel doesn't cost him anything! 



__________________

Janet

They keep making the system idiot proof but then make bigger and better idiots!
Leger


Master Book-keeper

Status: Offline
Posts: 3904
Date:
Permalink Closed

Hi Janet

I misunderstood your op slightly.  It is highly likely there will be products available to extract the VAT figures from Excel and submit to HMRC, so is it worth jumping ship just yet? 

Have a read of this.

https://www.accountingweb.co.uk/any-answers/mtd-for-vat-bridging-software-for-excel-users

 



__________________

John 

 

 

 Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.
Kinbuck


Senior Member

Status: Offline
Posts: 159
Date:
Permalink Closed

Leger wrote:

Hi Janet

I misunderstood your op slightly.  It is highly likely there will be products available to extract the VAT figures from Excel and submit to HMRC, so is it worth jumping ship just yet? 

Have a read of this.

https://www.accountingweb.co.uk/any-answers/mtd-for-vat-bridging-software-for-excel-users

 

 Thank you.  This would probably be the best option so will have to wait and see what happens but have some other options in mind.  All this uncertainty messes with my head no  Is it Friday yet!



__________________

Janet

They keep making the system idiot proof but then make bigger and better idiots!
Cheshire


Master Book-keeper

Status: Offline
Posts: 8646
Date:
Permalink Closed

Agree with John, if it ain't broke and all that. At least not yet and with any luck the whole daft scheme will go away!

Almost Friday, although wished that made a difference!!winkbiggrin The joys of being self employed.



__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
Leger


Master Book-keeper

Status: Offline
Posts: 3904
Date:
Permalink Closed

Cheshire wrote:

Agree with John, if it ain't broke and all that. At least not yet and with any luck the whole daft scheme will go away!

Almost Friday, although wished that made a difference!!winkbiggrin The joys of being self employed.

 They've got to delay it surely?  Just over a year to go before the first submissions and even the software companies haven't been given any clear definitions yet.

 

Forgot to say - Happy Friday !!!!



-- Edited by Leger on Friday 13th of April 2018 12:44:23 PM

__________________

John 

 

 

 Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.
Kinbuck


Senior Member

Status: Offline
Posts: 159
Date:
Permalink Closed

Leger wrote:
Cheshire wrote:

Agree with John, if it ain't broke and all that. At least not yet and with any luck the whole daft scheme will go away!

Almost Friday, although wished that made a difference!!winkbiggrin The joys of being self employed.

 They've got to delay it surely?  Just over a year to go before the first submissions and even the software companies haven't been given any clear definitions yet.

 

Forgot to say - Happy Friday !!!!



-- Edited by Leger on Friday 13th of April 2018 12:44:23 PM

I'd love it all to go away John or a delay of about 15 years and I'll be retired...hopefully biggrin

Joanne, my business is small enough that, other than one client who doesn't care what day or time it is, I only do weekends if I'm playing catch up...or I've skived too much during the week!

I've been looking forward to today since Monday :)  However, I got a phone call on Wed from an accountant who wants to discuss my 'capacity for potential work' so now I've got elephant butterflies stamping round my insides.  Roll on 4pm when hopefully it will have been a successful meeting and I can open the fizz handshake.gif 



__________________

Janet

They keep making the system idiot proof but then make bigger and better idiots!
Leger


Master Book-keeper

Status: Offline
Posts: 3904
Date:
Permalink Closed

Sounds interesting Janet, let us know how you get on.



__________________

John 

 

 

 Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.
Kinbuck


Senior Member

Status: Offline
Posts: 159
Date:
Permalink Closed

Leger wrote:

Sounds interesting Janet, let us know how you get on.

 It went really well John.  If the reality lives up to the conversation I think I'll like working with them and it was a huge confidence boost.  Also enjoyed talking about the subject I love with someone who's interested...think I bore my husband!  Planning a bit of induction in a couple of weeks to meet his team and get the technology systems in place then I'll be off and away biggrin



__________________

Janet

They keep making the system idiot proof but then make bigger and better idiots!
Cheshire


Master Book-keeper

Status: Offline
Posts: 8646
Date:
Permalink Closed

Hi Janet
Sorry I saw your ealier post, meant to respond, got sidetracked, drank wine and forgot!!!!

Huge well done on the new role. Thats fabulous news. Give us an update when you start.

lol, know what you mean about skivving - sometimes working from home = starring at the workpile, or wandering off and leaving it.

Now go and celebrate properly, hic!

__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
Kinbuck


Senior Member

Status: Offline
Posts: 159
Date:
Permalink Closed

Cheshire wrote:

Hi Janet
Sorry I saw your ealier post, meant to respond, got sidetracked, drank wine and forgot!!!!

Huge well done on the new role. Thats fabulous news. Give us an update when you start.

lol, know what you mean about skivving - sometimes working from home = starring at the workpile, or wandering off and leaving it.

Now go and celebrate properly, hic!

 Thanks Joanne, I did celebrate all weekend which is why I didn't let you all know on Friday.  You should see our bottle recycling this week biggrin  And I've been a brave lass and spoken to the client who I'm giving up...no more website issues or auction program problems, yippee.  Will keep you up to date about my antics!

Apparently taking Vit B1 is good for the brain damage that alcohol does - hasn't made mine any better, I still forget everything  doh



__________________

Janet

They keep making the system idiot proof but then make bigger and better idiots!
Leger


Master Book-keeper

Status: Offline
Posts: 3904
Date:
Permalink Closed

Kinbuck wrote:
Apparently taking Vit B1 is good for the brain damage that alcohol does - hasn't made mine any better, I still forget everything  doh

 I can't believe what I did tonight.  I have a memory like a sythe, and have an app on my phone to add reminders. Thought, oh I must do that tomorrow, and went to add it to my reminders, then forgot what I was adding!!  Not a drink in sight either cry  Still cant remember what it was.

Huge congrats on getting the gig, I'm well pleased for you.



__________________

John 

 

 

 Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.
Kinbuck


Senior Member

Status: Offline
Posts: 159
Date:
Permalink Closed

Leger wrote:
Kinbuck wrote:
Apparently taking Vit B1 is good for the brain damage that alcohol does - hasn't made mine any better, I still forget everything  doh

 I can't believe what I did tonight.  I have a memory like a sythe, and have an app on my phone to add reminders. Thought, oh I must do that tomorrow, and went to add it to my reminders, then forgot what I was adding!!  Not a drink in sight either cry  Still cant remember what it was.

Huge congrats on getting the gig, I'm well pleased for you.

 Of course, it could just be an age thing wink

Thanks biggrin



__________________

Janet

They keep making the system idiot proof but then make bigger and better idiots!
Cheshire


Master Book-keeper

Status: Offline
Posts: 8646
Date:
Permalink Closed

Oh Janet - you are brave.

Oh dear John - I think the only person older than you might be Shaun winkwinkbiggrin

 

(OK, I know there maybe one or two others!evileye)



__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
Leger


Master Book-keeper

Status: Offline
Posts: 3904
Date:
Permalink Closed

Cheshire wrote:

Oh dear John - I think the only person older than you might be Shaun winkwinkbiggrin

 I don't think he'll thank you for that Joanne, he's actually younger than me!!

 

 



__________________

John 

 

 

 Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.
Kinbuck


Senior Member

Status: Offline
Posts: 159
Date:
Permalink Closed

Cheshire wrote:

Oh Janet - you are brave.

Oh dear John - I think the only person older than you might be Shaun winkwinkbiggrin

 

(OK, I know there maybe one or two others!evileye)

 We're all just bairns at heart.  As long as I stay away from the mirror I think I'm 21 biggrin  (obviously in denial!)



__________________

Janet

They keep making the system idiot proof but then make bigger and better idiots!
Kinbuck


Senior Member

Status: Offline
Posts: 159
Date:
Permalink Closed

Leger wrote:

Sounds interesting Janet, let us know how you get on.

 Well, the last 2 weeks have been very much rabbit in the headlights for me

eyepopping.gif

Induction wasn't the best but I've now been let loose on 'live' client files - only 24 IR35's to do this month!  Their system is good and I'm getting the hang of doing the journal entries in the prescribed order.  Hopefully I'll feel more comfortable in a few weeks - it's amazing how a different chair, screen, keyboard etc can make a difference to productivity!  Even the light in the office is taking some adapting to (haven't got the greatest eyes...i.e. gannin blind!!) 

Hope you're all doing okay smile



__________________

Janet

They keep making the system idiot proof but then make bigger and better idiots!
Leger


Master Book-keeper

Status: Offline
Posts: 3904
Date:
Permalink Closed

Thanks for the update Janet. I expect you'll soon get settled in and used to their systems etc.  Never done IR35 books so are they more complicated or easier?  I'm guessing the latter as the primary transactions will be payroll related but I may be wrong!!

 

 



__________________

John 

 

 

 Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.
Kinbuck


Senior Member

Status: Offline
Posts: 159
Date:
Permalink Closed

Leger wrote:

Thanks for the update Janet. I expect you'll soon get settled in and used to their systems etc.  Never done IR35 books so are they more complicated or easier?  I'm guessing the latter as the primary transactions will be payroll related but I may be wrong!!

 

 

Hi John

They're (reasonably) straightforward depending on knowing what the transactions are for.  I've had a couple with huge amounts of movement in the bank account so it was time consuming.  I just have to do the journal entry for the payroll but it all looks quite neat.

Pimms was ready when I got home tonight which was a fitting end to a very productive week :)

Happy weekend everyone smile



__________________

Janet

They keep making the system idiot proof but then make bigger and better idiots!
Artois


Guru

Status: Offline
Posts: 1313
Date:
Permalink Closed

 

Hi Janet, sounds like your enjoying it (the work and the Pimms)



__________________

Doug

These are only my opinions of how I see things and therefore should not be taken as advice
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
The Book-keepers Forum (UK) -> VAT, Payroll & Tax -> Flat rate scheme - best option software
Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  
©2007-2024 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: bookcertltd@gmail.com.

Privacy & Cookie Policy  About